G.F. 326
PART I
INFIDENTIAL ® 1
HONG KONG'S ECONOMIC VALUE TO CHINA
INTRODUCTION
This paper attempts to assess Hong Kong's
economic contribution to China and the relative
importance of such contribution in China's context. Being constrained by the availability of reliable macro-economic datą, some heroic assumptions have had to be employed in the course of this exercise.
2.
Structurally, this paper consists of the
following:
Hong Kong as a source of foreign exchange earnings for China
Importance to China of foreign exchange
earnings from Hong Kong
China's foreign exchange loss if the Hong Kong dollar ceases to be a convertible
currency
Hong Kong as a financial centre
Hong Kong as a source of direct
investment in China
Hong Kong as an access point for China in
respect of
-
technology transfer
financial and related services
external trade
tourism
CONFIDENTIAL #B
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